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Upgrade Alert for Education Realty Trust (EDR)

By James Quinn

Education Realty Trust (NYSE:EDR) was upgraded from Sell to Neutral at Goldman Sachs today. The stock closed yesterday at $39.81 on volume of 544,000 shares, above average daily volume of 533,000.

Education Realty Trust (NYSE:EDR) defies analysts with a current price ($39.81) 5.6% above its average consensus price target of $37.60. Education Realty Trust shares should encounter resistance at the 50-day moving average (MA) of $40.25 and support at its 200-day MA of $35.75.

Over the past year, Education Realty Trust has traded in a range of $28.01 to $42.13 and closed yesterday at $39.81, 42% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.3%.

Education Realty Trust, Inc. is a self-managed and self-advised real estate investment trust. The Company owns, acquires, manages, and selectively develops student housing communities located near university campuses.

SmarTrend is tracking the current trend status for Education Realty Trust and will alert subscribers who have EDR in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades education realty trust

Ticker(s): EDR